Can you imagine a universe where Charlie would do something like that? Yeah, me neither.
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American CEO’s will NEVER sacrifice their money for the employees.
@br+1jv1wny97, @b4+1jv1wny97 was talking about Charlie. You are too slow to catch on.
In 2024, Yuki Kusumi, the CEO of Panasonic Holdings Corporation, received a total compensation of $1.77 million USD, which is below the average for similar-sized companies in the US market, which is $14.44 million USD.
In 2024, Charles Scharf, CEO of Wells Fargo, earned a total compensation of $31.2 million. This included a base salary of $2.5 million and $28.7 million in variable compensation, which consisted of $7.2 million in cash and $21.5 million in long-term equity awards.
For some strange reason, the US CEOs' compensations are higher than any other countries in the world.
@b4+1jv1wny97 - try 29 Million
So could Charlie if he took that type of cut! Some of these CEO and senior leaders are so selfish
40% of $25M is $15M. I'm sure he could survive.
CS has one goal: Increase stock price to a targeted price-point. Now, if it means he has to totally gut the company of all knowledge and replace it with cheap labor; or, in some cases, not replace, he will do it. Does anyone really think this man cares about the aftermath of this approach? Absolutely not! He will have one foot out the door and the next poor fool will be left to clean all of this up.
Great leaders innovate and separate their companies via leadership and create a competitive edge. You can train a monkey to cut costs and that's what we currently have. The hard part is the innovation and CS has no interest in this endeavor.
Hahahahahahahahaahaha……yeah no.